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GST LUT Filing
Filing of GST LUT Form for Exporters.
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Basic
GST LUT Filing for Exporters: Simplified with TaxInno
Are you an exporter looking to streamline your business operations? Filing a Letter of Undertaking (LUT) under GST can help you export goods or services without paying Integrated Goods and Services Tax (IGST). TaxInno is your trusted partner for seamless LUT filing, ensuring accuracy and compliance at every step.
What is GST LUT?
A Letter of Undertaking (LUT) under GST allows exporters to conduct tax-free export transactions without paying IGST at the time of supply. It simplifies the process for exporters and minimizes the burden of claiming refunds later.
Eligibility for GST LUT Filing
| Eligibility Criteria | Details |
| Registered Taxpayer | Only GST-registered entities can file LUT. |
| Exporters | Entities exporting goods, services, or supplies to SEZs can file an LUT. |
| No Major Tax Violations | Taxpayers with no prosecution history involving tax evasion exceeding ₹250 lakh are eligible. |
Documents Required for LUT Filing
| Document | Purpose |
| LUT Cover Letter | Request letter signed by an authorized person. |
| GST Registration Certificate | Proof of GST registration. |
| PAN Card of Entity | Entity identification. |
| KYC Documents of Authorized Person | Address and ID proof of the signatory. |
| Form GST RFD-11 | Official application form for LUT submission. |
| IEC Code (if applicable) | Proof for exporters involved in international trade. |
| Cancelled Cheque | Proof of linked bank account. |
| Authorization Letter | Authorization for the person filing the LUT. |
Benefits of Filing LUT for Exporters
| Benefit | Description |
| Tax-Free Exports | Export goods or services without paying IGST upfront. |
| Simplified Operations | Avoid the hassle of claiming refunds for zero-rated exports. |
| Improved Cash Flow | Keep working capital accessible by eliminating upfront tax payments. |
| One-Year Validity | LUT is valid for the entire financial year, reducing repetitive filings. |
LUT vs. Bond for Exporters
| Requirement | LUT | Bond |
| Applicability | For eligible registered taxpayers. | For entities ineligible for LUT. |
| Validity | One financial year. | As specified by the GST Commissioner. |
| Financial Obligation | No bank guarantee needed. | Requires a bond with a bank guarantee. |
Filing Process for LUT with TaxInno
| Step | Details |
| Consultation | Share your business and export details with our experts. |
| Document Collection | Submit required documents for LUT filing. |
| Application Submission | TaxInno prepares and submits the LUT application (Form GST RFD-11) on your behalf. |
| Approval & Validity | Once approved, your LUT remains valid for one financial year. |
Key Points to Remember About LUT
| Aspect | Details |
| Validity | LUT is valid for one financial year and must be renewed annually. |
| Conditional Approval | Failure to comply with LUT terms may result in withdrawal of benefits. |
| Alternative for LUT | Entities not eligible for LUT can file a bond with a bank guarantee. |
Why Choose TaxInno for LUT Filing?
| Feature | Benefit |
| Expert Support | Professional guidance throughout the LUT filing process. |
| Time-Saving | Quick and efficient process with minimal effort on your part. |
| End-to-End Assistance | From document preparation to application submission, we handle everything. |
| 100% Online Process | Convenient, paperless procedure from anywhere in India. |
| Transparent Pricing | No hidden costs, ensuring affordability. |
Contact TaxInno Today
Simplify your GST LUT filing with TaxInno and enjoy tax-free exports without the hassle. Get started now to focus on expanding your export business with confidence.
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